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Labor accuses Coalition of stalling its very own reforms to crack down on pay day loans

Coalition-controlled Senate committee wants reform bill to be blocked ??“ regardless of the reality it originated as government draft legislation

The Coalition was promising to reform loans that are payday which could attract extortionate prices of interest ??“ since November 2016, but has did not help legislation to do this. Photograph: Suzanne Plunkett/Reuters

The Coalition is guaranteeing to reform payday advances ??“ which could attract extortionate prices of interest ??“ since November 2016, but has did not help legislation to take action. Photograph: Suzanne Plunkett/Reuters

Last modified on Tue 22 Sep 2020 05.00 BST

Labor has accused the Coalition of failing woefully to straight back its plan that is own to straight down on payday lending by opposing a bill made to protect vulnerable Australians.

On Monday the Coalition-controlled Senate economics legislation committee required the amount that is small agreement bill to be blocked to offer the federal government time and energy to enact ???sensible reform??? ??“ despite the very fact it originated being government draft bill. More…